e-Tijari Web Card - CBD
e-Tijari Web Card - CBD

e-Tijari Web Card - CBD

Financials - Credit Cards - Personal Cards

Cbd e-tijari web card is especially designed for those who love online shopping. enjoy a safer, risk...

Location of Ad Deira, Dubai, Dubai, UAE

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Tamweel Car Loan - CBD
Tamweel Car Loan - CBD

Tamweel Car Loan - CBD

Financials - Loans - Car Loan

Cbd offers you tamweel car loan for new and used cars. start owning a car in no time with cbd tamwee...

Location of Ad Deira, Dubai, Dubai, UAE

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In today’s world everyone needs at least one saving bank account. If you have your own business, a current bank account for daily transactions is essential. Having sorted financials reduces a lot of work during the end of every financial year. You get a clear idea of your liquid money and other assets.

Bank Accounts

Opening bank accounts in Dubai is relatively simple. There are two types of bank accounts - savings and current. Savings bank account is an interest bearing account you can open in any bank. You can take out money from it any time you want. A current bank account is mostly used by businesses.

Abu Dhabi, Dubai, Sharjah, and other Emirates offer saving bank account services to residents and non-residents of UAE. If you are a non-resident all you need is a passport copy and a no-objection letter from your employer.

Credit cards

Credit card is a plastic card you can use to get an instant loan. You have to pay it off immediately within 45 days. The interest rate is relatively high, around 15 to 19 percent annually. So if you don’t have enough money in your bank account and you need to buy services or goods, you can use your credit card to buy them. If you are unable to pay the interest it piles up over the course of time

You need to earn at least a minimum salary of AED 5000 every month to be eligible to get a credit card in UAE. Getting credit cards in Dubai and Abu Dhabi has become very easy with a simple process and the credit card gets delivered right to your home.

Financial advice

Not everyone is good at handling their finances or might not have much time to do so. In that case, a financial advisor will be of great help. They can give you financial advice to help you achieve your personal and professional goals. It is an ongoing process and your advisor reviews your status regularly to check if you are on track.

Many banks in UAE have financial advisors that guide and help you to sort your finances. You will find the best financial advisors for both personal and business purpose in Dubai, Abu Dhabi, Sharjah, and other Emirates.

Insurance

Insurance is a contract between a policyholder and an insurance company. In the loss of the policyholder, the company pays his family a pre-decided amount. Some common types of insurance include life insurance, home insurance, car insurance, general insurance, travel insurance, and health insurance.

Many banks in UAE offer excellent insurance policies that are personalized according to your needs. There are also special insurance companies in Dubai, Abu Dhabi, and Sharjah that specially deal in insurances.

Investment

When you have savings with you, investing that money is definitely better for future gains as compared to leaving that money in your bank account. Some common investments you can consider, include recurring deposits, fixed deposit, mutual funds, stocks, insurance, and annuities. Investments are used for traveling, money for retirements, and children’s education.

There are a lot of different investments in Dubai, Dubai, and other UAE Emirates to choose from.

Loans

When you get a loan, you get money from a bank for immediate purposes that you can pay back in installments over the course of time and at an interest rate. The loan you take can be a short term or long term. Car loans are usually shorter in length and home loans are long term because of the difference in the payable amount. The interest rate depends on the type of loan you take. Some of the common loans are home loan, education loan, personal loan, and car loan.

Having a positive financial balance can help you lead a happy and satisfied life. There are many other ways you can generate income and create assets using financial services in UAE.